Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5years (see table below). Using exponential smoothing with a smoothing constant (a) of 0.30 and a startingforecast of 415.00, the following sales forecast has been developed:ForecastedYearSalesSales2005455415.002006510427.002007516451.902008570471.132009585500.79The MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (round yourresponse to two decimal places).Forecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a startingforecast of 415.00 are (round your responses to two decimal places):Year200520062007200820092010Forecasted Sales415.00

Given that: Smoothing constant = 0.6 Starting Forecast = 415 and Year Sales 2005 455 2006 510…

Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 he MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (ro esponse to two decimal places). orecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a precast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415. 00

Forecasted Year Sales Sales 2005 455 415.00 2006 510 427.00 2007 516 451.90 2008 570 471.13 2009 585 500.79 he MAD for a forecast developed using exponential smoothing with a = 0.30 is 74.04 sales (ro esponse to two decimal places). orecasted sales for years 2006 through 2010 using exponential smoothing with a = 0.60 and a precast of 415.00 are (round your responses to two decimal places): Year 2005 2006 2007 2008 2009 2010 Forecasted Sales 415. 00

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter13: Regression And Forecasting Models

Section13.7: Exponential Smoothing Models

Problem 27P: The file P13_27.xlsx contains yearly data on the proportion of Americans under the age of 18 living...

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